16. Ron wants $3,000,000 in his annuity 40 years from now. If the annuity earns 2.35% interest monthly, what should his monthly deposits be? 17. April invests $775 into her annuity each month. The annuity pays 1% compounded monthly. How much will it be worth in 32 years? 18. The Pawnee City Council plans to deposit money semi annually for 20 years into an annuity that pays 4% compounded semi annually in order to build a new rec center. If the budget for the center is $1,000,000, what should the deposits be? 19. Leslie plans to withdraw $500 each quarter from her annuity that earns 6.25% compounded quarterly for the next 15 years. How much should be in her annuity? 20. Tom has $85,000 in an annuity. How much can he withdraw every month for the next seven years? The account pays 3.8% interest compounded monthly.